Iran-EU annual trade rises 21% in 2014: Eurostat

TEHRAN - Trade between Iran and the European Union amounted to €7.566 billion in 2014, a 21 percent growth from €6.229 billion in 2013, according to the EU statistics agency Eurostat. The EU exported €6.403 billion worth of goods to Iran in 2014, showing 18 percent rise compared to the year before, when the figure was €5.445 billion, the IRNA news agency reported on Tuesday, citing Eurostat data.

EU imports of goods from Iran totaled €1.162 billion in 2014, a 48 percent growth compared to €783.418 million in 2013.

Iran transacted non-oil goods with 177 countries in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iran Customs Administration.

The balance of trade with 91 countries was positive.

The country exported $31.332 billion of non-oil goods, excluding gas condensates, and imported $50.818 billion of non-oil goods during the 12-month period.

Iran had the highest positive trade balance with Iraq, Afghanistan, Turkmenistan, Egypt, and Azerbaijan, while it registered the highest negative trade balance with the United Arab Emirates, South Korea, Switzerland, China, and Germany.